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| Discuss Share Khan Brokerage charges at the General Trading & Investing Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hi, I am a newbie, and have opened a demat account with sharekhan. please let ... |
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#1
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Hi, I am a newbie, and have opened a demat account with sharekhan. please let me know how is the brokerage charge calculated? |
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#2
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i don't know the exact brokerage of sharekhan, but i assume it to be 0.50 for delivery based and 0.05 for intraday trading.
delivery brokerage (which you buy and keep for a few days or years): 0.50% 1. say you buy 10 shares of Reliance 10@1200 = 12000 is the total amount 2. the brokerage is 12000 * 0.50 /100 = 60rs + taxes. 3. and when you sell reliance @ 1500; 10@1500= 15000 4. the brokerage is 15,000*0.50/100 = 75rs + ndsl/cdsl charges = 6to8rs + taxes = 85 profit = 1500-1200 = 300*10 = 3000rs - 75+60 (brokerage) = 3000-81 = 2919 profit. in delivery based trade. intraday brokerage: 0.05% 1. say we buy 10 shares @ 1200 = 12000 2. and sell the same 10 @ 1250 = 12500 (in a few minutes or hour, before 3pm) brokerage is calculated on Sell side only for intraday: 12500*0.05/100=6.25+stt say 7rs. Profit:we gain 12500-12000=500 - 7to10rs = profit 490rs intraday. Last edited by fast_rizwaan; 13th November 2008 at 10:31 PM. Reason: fixed, thanks columbus |
| The Following 4 Users Say Thank You to fast_rizwaan For This Useful Post: | ||
alian1980 (17th November 2008), AW10 (14th November 2008), chandeshwar1963 (3rd December 2009), drsubhadip (4th August 2010) | ||
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#3
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| The Following User Says Thank You to saurabh159 For This Useful Post: | ||
chandeshwar1963 (3rd December 2009) | ||
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#4
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| The Following 3 Users Say Thank You to columbus For This Useful Post: | ||
Abhishek87 (13th November 2008), alian1980 (17th November 2008), chandeshwar1963 (3rd December 2009) | ||
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#5
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| The Following User Says Thank You to alian1980 For This Useful Post: | ||
chandeshwar1963 (3rd December 2009) | ||
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#6
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Hi,
I want to open a Demat account , I want to know apart from Annual charge and transaction charges, Are there any other type of charges (hidden) i need to pay? It would be great if someone give me the charges applicable for ICICI, HDFC and reliance Money. Thanks for your help. |
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#7
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Thank you alian1980.........
You have provided the information in a simpler way......3 cheers... ![]() ![]()
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#8
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Hi all,
Here are the brokerage details for various plans of Sharekhan : 1. CLASSIC NORMAL:- A/C. OPENING CHARGE 750/- (TOTAL ADJ. IN BROK.WITHIN SIX MONTH) MIN. MARGIN REQ. 5000/- (TOTAL INVESTABLE, REFUNDABLE) BROK. (INTRADAY) 0.10% (BUY ONLY) BROK. (DELIVERY) 0.50% (BOTH SIDE) 2. TRADE TIGER:- A/C. OPENING CHARGE 1000/- (TOTAL ADJ. IN BROK.WITHIN SIX MONTH) MIN. MARGIN REQ. 5000/- (TOTAL INVESTABLE, REFUNABLE) BROK. (INTRADAY) 0.09% (BUY ONLY) BROK. (DELIVERY) 0.45% (BOTH SIDE) 3. PREPAID 2000/- A/C. OPENING CHARGE 0/- ADV. BROK. REQ. 2000/- (VALID 1 YEAR) BROK. (INTRADAY) 0.07% (BUY ONLY) BROK. (DELIVERY) 0.40% (BOTH SIDE) 4. PREPAID 6000/- A/C. OPENING CHARGE 0/- ADV. BROK. REQ. 6000/- (VALID 1 YEAR) BROK. (INTRADAY) 0.05% (BUY ONLY) BROK. (DELIVERY) 0.25% (BOTH SIDE) COMODITIES A/C. A/C. OPENING CHARGE 200/- BROK. 0.10% INTRADAY BUY 0.02% INTRADAY SELL 0.10% DELIVERY NOTE:- AMC 300/- WOULD BE CHARGED PER ANNUM AFTER ONE YEAR GOVT. TAXES ARE APPLICABLE. CONDITIONS APLY. OFFLINE A/C:- A/C. OPENING CHARGE 180/- DEMATS CHARGE. 300/- BROK. (INTRADAY) 0.10% (BOTH SIDE) BROK. (DELIVERY) 0.50% (BOTH SIDE) REQUIRED DOCUMENTS:- 1. ONE COPY OF PAN CARD 2. ONE COPY OF ADD. PROOF (DL, PASSPORT, VOTER ID CARD, LANDLINE BILL LATEST, ELEC. BILL LATEST, BANK PASSBOOK, ORIGINAL QUATERLY BANK STATEMENT LATEST, RENT/LEASE AGREEMENT NOTERISED ETC. 3. TWO PASSPORT SIZE PHOTOGRAPH 4. ONE CANCELLED CHEQUE (SHOULD BE NAME PRINTED OR STATEMENT REQUIRED.) |
| The Following 4 Users Say Thank You to Abhishek87 For This Useful Post: | ||
chandeshwar1963 (3rd December 2009), faith (22nd November 2008), iguyblr (19th December 2009), maverick007 (4th December 2009) | ||
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#9
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1.750/- where the amount is refundable(as per brokerage usage)vaid for 6 months. brokerage .05%(intraday)and.5%(delivary). At the time of selling from the DP no extra charges are taken but only 16/- taken inclusive of brokerage... |
| The Following User Says Thank You to arnabmitra For This Useful Post: | ||
drsubhadip (4th August 2010) | ||
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#10
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Never trade with sharekhan.
These people have charged 700rs brokerage fro 3000rs purchase!!!!!! Unbelievable. I had asked my friend to buy in my name. Share is calsrefienries. If you are trading more and do not check your account then you had it. Please please avoid sharekhan. Biggest cheators raj |
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